S&P Global Inc. (NYSE:SPGI) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its stake in S&P Global Inc. (NYSE:SPGIGet Rating) by 42.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,048,804 shares of the business services provider’s stock after selling 1,530,949 shares during the quarter. Capital Research Global Investors owned 0.60% of S&P Global worth $840,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Tcwp LLC purchased a new position in shares of S&P Global in the 1st quarter valued at about $138,000. Douglas Lane & Associates LLC increased its stake in S&P Global by 11.3% during the 1st quarter. Douglas Lane & Associates LLC now owns 1,272 shares of the business services provider’s stock worth $522,000 after buying an additional 129 shares in the last quarter. IFM Investors Pty Ltd increased its stake in S&P Global by 69.9% during the 1st quarter. IFM Investors Pty Ltd now owns 54,102 shares of the business services provider’s stock worth $22,192,000 after buying an additional 22,251 shares in the last quarter. Country Trust Bank increased its stake in S&P Global by 8.5% during the 1st quarter. Country Trust Bank now owns 370 shares of the business services provider’s stock worth $152,000 after buying an additional 29 shares in the last quarter. Finally, Eschler Asset Management LLP purchased a new stake in S&P Global during the 1st quarter worth approximately $451,000. Institutional investors and hedge funds own 88.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Jefferies Financial Group cut their price objective on S&P Global from $440.00 to $416.00 and set a “buy” rating for the company in a research note on Thursday, June 2nd. Atlantic Securities cut their price objective on S&P Global from $440.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, June 8th. Royal Bank of Canada dropped their price target on S&P Global from $540.00 to $434.00 in a research report on Thursday, June 2nd. Morgan Stanley dropped their price target on S&P Global from $398.00 to $390.00 and set an “overweight” rating for the company in a research report on Wednesday, August 3rd. Finally, UBS Group dropped their price target on S&P Global from $441.00 to $407.00 and set a “buy” rating for the company in a research report on Monday, June 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.43.

S&P Global Trading Down 1.5 %

SPGI opened at $351.16 on Thursday. S&P Global Inc. has a one year low of $311.87 and a one year high of $484.21. The stock has a market capitalization of $117.11 billion, a PE ratio of 26.17, a P/E/G ratio of 2.68 and a beta of 1.05. The business’s 50 day moving average price is $365.89 and its 200 day moving average price is $367.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.26 and a current ratio of 1.26.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the company posted $3.62 earnings per share. The company’s revenue was up 42.1% on a year-over-year basis. As a group, equities research analysts expect that S&P Global Inc. will post 11.49 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, August 25th. S&P Global’s dividend payout ratio (DPR) is 25.34%.

Insiders Place Their Bets

In other S&P Global news, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total transaction of $1,157,340.00. Following the transaction, the insider now directly owns 6,783 shares in the company, valued at $2,616,745.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas L. Peterson sold 7,500 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $377.13, for a total value of $2,828,475.00. Following the sale, the chief executive officer now directly owns 174,890 shares in the company, valued at $65,956,265.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Martina Cheung sold 3,000 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $385.78, for a total value of $1,157,340.00. Following the completion of the sale, the insider now owns 6,783 shares in the company, valued at $2,616,745.74. The disclosure for this sale can be found here. Insiders have sold 27,150 shares of company stock worth $10,146,219 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

S&P Global Company Profile

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S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

See Also

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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